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is that democratcriticizepaul ryan for the premium support plan for medicare reform. the obamacare exchanges whi apply to people who are a low-middle income also is a premium support plan. so democrats have an argument against applying the obamacare racing just medicare? and mean, they like obamacare. what would be so terrible about migrating seniors into the obamacare exchange as a wayto reform medicare using a democratic approach. gerri: you're turning the law and set a little bit there. interesting florid for example , medicare and medicaid. very important. 27 percent of doctors are not accepting medicare patients right now. is that going to get better or worse? >> is going to get worse because the cost pressure and spending pressures of medicare, the politicians have cheated. when not going to reform the program to make it more efficient. eulogist pay doctors and hospitals less to cover this impatience. at a certain point doctors quit and house bills go broke. the medicare actuary says that 15 percent of all hospitals will go broke by the end of the decade because of these cuts. 30 percent by 2030. austral'
of the budget which is all of those programs starting with medicare and medicaid. you can't get out of it without dealing with those, a and bowles is absolutely right. gerri: long way to go. thanks for coming on. appreciate your time. >> sure. thank you. gerri: as a reminder, the revenue from the bush tax cuts would generate just $82.4 billion a year, enough to run the government for five days. as president obama pushes for tax hikes on wealthier americans, he might look to britain to see the effect it has. it's not revenues. it's surprisingly less. after the labour party, that is, there, pushed for the top tax rate to 50%, 5-0, the richest left. two-thirds left to avoid paying the new tax. it also stopped people coming to and investing in britain. there's a lesson for you. turns out the proof is in the pudding realizing the errors of the way, the government is cutting the top rate to 45%. more to come like should washington sub di size wind energy? more on the fiscal cliff as americans on all levels have to prepare to take the tax hit. i hope it doesn't, but i'm going to break it d
fall under simpson-bowles just in the year 2015, starting with drug rebates under medicare part d. that money would come from the drug companies themselves, likely $6 billion just in the year of 2015. a change in inflation measure, that means that beneficiaries of medicare and medicaid might get less money going forward. that's $3 billion. cuts in farm subsidies, that's big. those guys would lose $3 billion that year. eliminating the in-school interest subsidy for student loans. that's a popular one for those folks who have taken out student loans but who are still in school. that would be a big hit, again, to those people taking student loans. clearly, there are going to be some unpopular political choices here. there's a lot of stuff that's very unpopular politically already in the simpson-bowles plan, which is what a lot of people here in washington are talking about as a starting point. don't forget, there's another very difficult conversation still to come, guys. >> no doubt, eamon. thanks so much. meantime t our next guest is one of the fix the debt ceos and wants more focus
in terms of the baby boomers getting older, which is social security and medicare, and then this new entitlement coming with the president's health care law. we know it is unworkable as a health care law. i can tell you as a doctor. it is unaffordable as a nation. that has to be part of the discussion as well. melissa: what about this idea that senate democrats are trying to limit the filibuster rule? you know, do you think that is a good idea? do you support that? do you think it would come back to bite them later on? >> well i oppose the idea that senator reid is proposing. i think it is a mistake to limit the rights of people who elected me and others to have the right to offer amendments and to have unlimited debate on the senate floor. you know, it is interesting when president obama was a senator and republicans were thinking about using this, he said, oh, no, it is terrible, it would destroy the institution and would hurt the country. same thing when senator biden was a senator spoke against it. when harry reid was in the minority he was against it. now they're in the majority
've got a ne long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b mecal expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it helpsick up some of what medicare doesn't pay. and could save you thousands in out-of-pocket costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you neveneed a referral to see a specialist. so don't wai call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose f
average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ i took my son fishing every year. we had a great spot, not easy to find, but worth it. making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly impve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bnchitis and emphysema. it should not be taken more than twice a day. symbirt may increase your risk of lung infections, osteoporosis, d some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. with copd, i thought
of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >>> we know how the hunt for osama bin laden ended, with a dramatic raid by elite s.e.a.l. team six but just how bin laden was found and killed remain largely a mystery. now, it's the subject of a new movie by the director and screenwriter behind the oscar-winning movie "the hurt locker." abc's senior foreign correspondent martha raddatz covered this story from the start and shared her insights wi
know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and whh aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement pla endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. call today. remember, all medicare supplement pla
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for medicare, you might know it only covers about 80% of yr part b medical expenses. the rest is up to you. call now and find out about an aarp medica supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are networks, and you never need a referral to see a specialist. so don't wait. call now to request a free decision guide to help you understand medicare. and which aarp medicare supplement plan might work best for you. there's a range to choose from, depending on your needs and your budget. and they all travel with you -- anywhere in thcountry. best of all, you'll be joining the millions who have already enrolled in the only mecare supplement insurance ans endorsed by aarp, an organization serving the needof people 50 and over for genetions. ♪ remember, all medicare supplement insurance plans help cover some of what medicare doesn't pay. an
not even got into investor related taxes that goes up, medicare surcharge for well to do, i can go on and on with what states are doing with millon air taxes and the like that go -- are republicans missing this? >> you know, when you come int this argument, republicans are sort of going into this branding it as a revenue increase, they refuse to say tax increase, part of this, they say, you create a more efficient system in maybe you could lower rates maybe you get rid of some deductions, but that generates more economic activity, that is re money to be taxed. but, don't be mistaken, you are taking more money from the american population than you would be witho factoring in economic growth. talk about that cap, tax policy center says a 50,000 collar cap on -- 50,000 dollar cap on deduct, 750 bill i don't know over 10 years, that is real from come. neil: do you think that is what democrats are hinting at, when they say, it does not have to be a rate hike or bust? that they are quietly thinking, you know with this alternative, we could actually get more tax revenues. >> i think it wi
up 800 billion in new revenue and overhaul the tax system and changes to medicare and that's why the republicans are asking the democrats to come in and explain your deal. this plan was hatched in 2010 and everyone walked away from it and now they call bowles back up? it is late. this is what the american people are upset about. nothing gets done. >> steve: we are a month from the cliff. >> gretchen: we could have avoided the cliff if they used the plan as a starting point. americans are upset nothing gets done. >> brian: norquist is the bad guy. you should walk away from grover norquest. he said you have enough money on capitol hill and stop asking us . he's been a watch dog on our money so whether you are democrat or republican you should salute him. he warned you in the past that people who walked away from the no new taxes paid a price. >> remember the gang of 6. three of the people that you mentioned spent eight months in the room with democrats, pretending to negotiate tax increases for entitlement reform . after a while coburn had to admit they were offered nothing but tax
in the making. and there are many years ahead. join the millions of members who've chosen an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. go long. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. it's cramping. go ice that thing. sorry. hand cramp. ahh. [ male announcer ] cyber monday is back. shop now for great savin
us greece is not fixing medicare and medicaid and social security. in about 30 years, medicare and medicaid alone will consume all the revenue coming in taxes. these are unsustainable entitlement programs. they have to be reformed to save the program and to keep the country from going into a greek-like status. there's $8.6 trillion of unfunded liability in social security. to make it soment for the next 75 years, you'd have to put $8 trillion in the bank today. for medicare, it's three times that. so if you don't reform entitlements, then you're never going to avoid becoming greece. >> greta: all right. is there any appetite for reform? we're sort of in a situation, post-election, democrats have the wind behind their back, the president does on this. is there any appetite for this or is it going to be a bloodbath? >> a lot of democrats understand that medicare -- social security runs out of money in 2033. medicare runs out of money in 2024. so these programs literally go bankrupt. if you want to save them, you have to restructure them. younger people need to work longer. me and
that is more than defense and medicare combined. but we are talking about illegal immigrants that are given food stamps and they are not entitled to medicaid or medicare or social security. it is a food stamp program and set up with whether mexico is puing up their fair share. >> and john, you go to the web site. anybody can go to the web site. welcome to america web site this is it just a page from it government ben fets and welcome to america here are the benefits and here are the eebeies. and depending on your immigration status and length of time in the u.s., you may be eligible for federal benefit programs and it goes through a long lit any and it is long and a lot of money. >> it is unfortunate. immigrants are treasures the arrival of each one makes us more american because it signifies. >> if they are here to work. >> absolutely. it is it the last thing you want to do is offer them hand out to come here. that insures that you get a lower quality person coming here. we want to attract those who want to come here and achieve. >> steve, that is it the problem. i would say the overwhelmi
to social security and medicare. any common ground? >> shep, in public, it does not sound like it. top republican leaders say if you want to avoid the fiscal cliff, you need to address the drivers of our debt. >> we know that the only way we can solve our long-term debt and deficit problem is to fix the unsustainable growth rates of our very popular entitlement programs. the president has from time to time indicated an openness to that. now is the time to actually do it. >> 42 business groups sent a letter to leaders of congress asking them to do tax reform to lower tax rates and also address entitlement reforms. >> shepard: democrats say they want more revenue, more taxes here. what about entitlement changes? >> well, any time you start talking about tweaking these programs, there are groups in washington around the country that mobilize to try and stop cuts. the number two senate democrat, dick durbin, says he'd be open to look at entitlements, but not part of the fiscal cliff talks. here is the senate majority leader's view. >> at the meeting we had that i mentioned with president a
the deficit comes from some saves medicare and social security. it is that need hundred billion dollars that became permanent. >> absolutely. it did. here is the shocking thing about washington. every year the politicians try out these things like tom coburn trots out his waist book every year. hundreds of billions of dollars in identified waste, waste, fraud, duplicated services and every year they get on the camera and say this is terrible and horrible we need to do some good about it and they never do anything about it and folks like john boehner who doesn't even talk about eliminating fraud and waste and duplicated services. dave: the onus is on you and the other tea party years all over the country. where is that 2,010 tea party coalition? how can it be reenergize? how can it be put into effect again? >> you will see it in 2013. what is going to happen the republicans in the house of representatives are going to cave on taxes and spending and when that happens you will see that anger for lack of a better term you saw in 2009 is going to happen again. we will come back to the street
medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ [ male announcer ] humana. i have obligations. cute tobligations, but obligatio.ing. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. lou: the chief economist of moody's capital markets will be with me in a moment, before we go to john lonski we look at tonight's money like, stocks closing at a two-week high before this thanksgivin
among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality ofare and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ no longer beautiful? every year, millions of young women try to change the skin they were born with and say they'd die for darker skin. sadly, some actually do. melanoma is the second most common cancer in teens and young adults, and one person dies from melanoma every hour. change your thinking, not your skin. stop tanning. learn more at spotskincancer.org. a message from the american academy of dermatology. lou: president obama meeting with heads of the labor union today who say thpresid lou: president obama meeting with heads of the labor union today who say the president is committed to higher taxes on tor e.rners, saying the rich do not pay their share. tomorrow, some will meet witho e the president and a
helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ neil: it has been pretty much the legacy of this president's term and it was handed off by his predecessor if you think about it. auto companies, you name it. a lot of us actually started a long time ago before each of these men even came in to office. back to the carter years, to chrysler. a very big bailout. david stockman, who was then a congressman was urging against. >> i was running for reelection and chrysler was the biggest employer and i got the highest% of election because i suck my principles. the professionals knew that if they got inrouble, they were big enough to make a stink and to go down. neil: but now things have switched. now they have
the eligibility age for medicare. >> i want entitlement reforms. republicans put revenue on the table, democrats always promise to cut spending. i'm looking for more revenue for entitlement reform before the end of the year. >> reporter: so far democrats sound lex flexible. >> we've got to make sure there is seamless coverage of afordable health coverage for every american. my concern about raising the retirement age gaps in coverage or coverage that's way too expensive for seniors to purchase. >> reporter: there are many potential cliffs but higher taxes for structural changes for medicaid and medicare may be abong the biggest. bob corker argued for both warning everyone against punting this until next year or accepting phony savings that don't solve or at least address the underlying deficit and structural debt problems. charlie and norah? >> let me add my voice, congratulations you on this day enharnting one of the big jobs in journalism. they're big shoes and i'm looking at those you have to fill. >> you'll be just fine. >> reporter: first day, all righ
here would be medicaid and especially medicare. if you had to tell your democrat colleagues, here is the one reform that i think you should make to medicare, to reduce the growth and expenditure there, what would it be? would it be increasing the eligibility age? would it mean that the wealthy have to pay more? what would it be? >> there are any number of those things. you say to people at or near retirement, we're not going to change it for you. but for younger people, they want a change. they'll support it because we've got to make sure these entitlement programs are solvent both now and for the future. so i believe we can come together in a bipartisan way and do this. it's got to be part of a package in order to get the job done. >> i couldn't agree with you more on that because the history of american workers over the past 24 years is that we have adjusted to reduced benefits, to changes in our benefits plans, if we're given time to get used to it. let's talk about defense cuts. this, too, is an area, as mr. bowles says, we spend more on defense then the next 16, 17 countries
to talk about social security, medicare, medicaid in any sense of the word. stuart: i just got numbers from medicare trustees. we have to pay out for medicare 42 trillion dollars in the future. we don't have that money. that's the unfunded liability of medicare. and the democrats won't go anywhere near cutting it or reforming it and so far we've not really heard from the republicans, what they would do with it. >> when you heard from paul ryan during the campaign again, he had no back-up. you have to sell these policies to people. you have to explain them in a way that resonates and they can see my daily life looks like this, this is how it is going to be impacted, this is how my children and grandchildren are going to be impacted. these government programs are not going to be here unless there's reform. stuart: can you get elected if you say i'm taking this away? >> i think you can get elected if you articulate it properly, do the outreach, do the marketing. the republican party did not take marketing 101. charles: ryan and romney seemed intimidated about saying we may take away your
.com. ♪ campbell's. it's amazing what soup can do. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. >>. >> gregg: bottom of the hour, top of the news, egypt's stock market taking a dive amid mass demonstrations, thousands of egyptians are protesting president morsi's power grab. weather is giving holiday travelers another reason to be thankful. few airports are reporting any delays. big crowds. tomorrow is cyber monday, retailers are hoping to lure holiday shoppers to their website with the promise of deep discounts. americans are expected to spend $1.5 billion online tomorrow. >> heather: republican leaders making it clear after the election that their party is getting serious about overhauling the nation's dysfunctional immigration system but sweeping reform mig
achieve the highest average star rating among natiol medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result ithe quality of care and service we're able to provide... which means better health outcomes... and more qlity time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ >>. >> john: when the housing market burst they said we must do something. politicians sd we know what to do, dodd and f franks wrote more rules so make sure it never happens again. so they wrote and wrote. hundreds of pages. they say this will create a new financial system. >> one that is innovative and competitive and far less prone to panic and collapse. >> why is that a good thing? >> an agency dedicated to make sure that financial products like mortgages, credit cards have simple contracts that are easy to understand. >> john: dodd-frank simple? did you read it? >> absolutely. >> john: did you understand it? >> yes. all these pages. >> yes, i've stayed up and read that th
achieve the highest average star rating among national medicare companies... and become the first and only national medicare advaage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ [oinking] [hissing] [ding] announcer: cook foods to the right temperature using a food thermometer. 3,000 americans will die from food poisoning this year. check your steps at foodsafety.gov. john: for most of human history, people died by age 30. thirty years was the average life span for thousands and thousands of years. l only with the industrial revolution did that begin toy change, and then it changednd quickly. by 1850 the average life span was almost 40. fifty years later, 47. by 1950, it was up to 68. and now the average in america's about 78. 76 for men, 81 for women. numbers are going up. and up, says this woman, sonia harrison, author of a book call, a hundred plu
national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ benghazi investigation. joining us now, host of "huckabee" on the fox news channel. and author of the brand-new book. it is great to have you here. congratulations on the new book. >> thank you, thought we needed something other than politics for a while. what do we have? like the song by the who, meet the new boss, same as the old boss. lou: i cling to those politics so desrately here. your reaction to the fact the smartest man in the military was there, turned out to be head of the cia, the dumbest spy we ever had. >> not a good week for spies. when you addo the drama of general allen and the ever-expanding scandal, it is tragic for their families, tragic for america. lou: the part that is tragic for us. in our vario
that theo personalty not policy, let's talk about the issue, is medicare going bankrupt or not, senator dirk durban saying we have to tackle medicare or it will be bankrupt in 12 years. let's talk about that instead of norquist, he is one of the most selfless guys in politics. you know this is a reagannesque parts of the soul of the republican party, if some want to break their own pledge to voters not to raise taxes they can do that and be account able. lou: there is not a reagan nesque figure in the republican party right now who is the intellectual leader right now? what group of the republican party? the governors? >> kelly ann is right, governors, there are 38 republican governors, there will be after the first of the year. we'll see who emerges. lou: striking you are not hearing speaker boehner or mitch mcconnell. >> when have congressional leaders been major lead irs of their party, they are wheel ordealers. >> politics abhors a vacuum. lou: governors are nation -- >> but, several are chief executives. i want to stick up for mcconnell and boehner, they are playing hand theying dealt,
's the rush? be happy. be healthy. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. and these come together, one thing you can depend on is that these will come together. delicious and wholesome. some combinations were just meant to be. tomato soup from campbell's. it's amazing what soup can do. >> brian: today over 43 million of you are expected to fly all over the place for their thanksgiving destination. joining us now from our wttg affiliate, melanie, at reagan airport. melanie, how busy is it? >> you know, it is steady, but i wouldn't call it crazy so far this morning. we're about midway through what the metropolitan washington airport authority calls their peak morning travel time. so so far, so good. the weather is clear. the sun is shining. so even ac
and medicare, particularly in making sure that they are sound for the future. so that's lindsey's position. and he has talked about accepting revenue to accomplish that goal. >> republicans continue saying they don't want to increase tax rates arguing that will hurt job growth. democrats say the middle class could be spared from a tax increase now. >> however as we continue to negotiate a responsible path forward i remind everyone within the sound of my voice of one fact. this congress is where one vote away from avoiding the fiscal cliff for middle class families and small businesses. >> republicans point to a study done by the winston group which is a republic research firm which says 65% of americans back tax reform and spending cuts over raising taxes, shep. >> shepard: we are hearing now that house republicans are planning to meet with ceos up on the hill a day after tomorrow. >> top ceos and top fiscal experts two weeks after president obama essentially did the same thing. the ceos of etna inc., honey well international and irskin bowles are amongst those scheduled to attend. half th
a new openness to raising tax revenue, if democrats agree to make cuts to strengthen medicare and medicaid. >> elections come and go. and when they go the spirit to find common ground becomes greater. >> reporter: georgia republican saxby chambliss and mark warner lead the gang of eight. four senate democrats and four senate republicans, who originally met in 2007 to craft a plan to cut the debt. >> you still don't have a final product after 2 1/2 years. why do shud we have any confidence that the president and the leaders should get anything done in the next two weeks? >> anything we look at we won't completely reform the tax code or completely make all the changes in the entitlement programs in the next seven weeks. over this last 2 1/2 years, we all know where the issues are. can we make enough of a down payment to assure the markets and put a real process in place that will allow us to work through this? >> reporter: chambliss says he and other republicans still oppose hiking tax rates on the wealthy, a move they contend kills jobs. instead, re
to entitlements, medicare and social security. they are also going to address spending in ways that democrats are not going to be happy about. so everybody is going to have to sort of cave here, it would seem. stuart: there has to be compromise on the other side as well as republicans on tax. maybe the democrats have to compromise on entitlement reform at some point. they haven't yet. sandra: grover norquist has already come out and said nobody is caving here, if they do, it is just a trap the republicans are falling into. and this is going to be horrible for republicans, especially in the next election. liz: he also pointed out that george h.w. bush won gulf war one and then really lost reelection. the berlin wall fell under george hw and then lost reelection because he broke read my lips. norquist says in the republican brand you don't raise taxes. as for entitlement reform, democrats, many says we don't need entitlement reform, we want entitlements to be solvent, that's the issue there. stuart: the president will be on the road this week. i don't doubt for one moment he will keep pushing h
? >> reporter: president has been willing to talk about social security and medicare and put entitlements on the table. the problem the president has is many parts of his base, including some of those house democrats that he might need in some sort of forged compromise, they are not crazy about doing that. we won. the mandate is to raise taxes. there was no mandate from the voters to tinker with social security and tinker with medicare, but at some point the president's going to put that on the table, and the question will his base let him do it? >> let me switch gears a bit. i want to ask you about senator john mccain. he, of course, has been very critical about the potential nomination of u.n. ambassador susan rice to be secretary of state, something that hasn't happened yet. he appeared to strike a more conciliatory tone over the weekend. i'm going to play two statements for you, john mccain a few weeks ago and john mccain yesterday and ask you about it on the other side. >> we will do whatever is necessary to block the nomination that's within our power as far as susan rice is concern
. entitlement reform is a stumbling block. democrats don't want deep cuts to medicaid, medicare and social security. republicans see no other choice. >> the reason we are having these negotiations is because washington democrats have spent money without any care for the cost or the future. and refuse to do anything to protect long-term spending programs like medicare, a failure that's among the biggest drivers of our debt. >> one out of three people in this country are going to rely on medicare and medicaid for their health insurance. so we need to find ways to reserve these programs. >> senator durbin is suggesting the debate over the entitlement programs should be waged after the new year once the fiscal cliff issue has been settled. >>> six minutes past the hour, new storms rolling into the northwest this morning. and that could cause dangerous flooding. alexandra steele is live in atlanta for us. what's going on? >> hey, good morning to you guys. we've got one storm that's gone and one storm that's a massive storm incoming. so let's start with this, all you guys in new york city had sn
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with a real solution that addresses the long-term problems that we're facing with medicare, social security, those are the two tidal waves coming at us when he says do the arithmetic, that is where the big numbers are, tracy. tracy: agreed. somebody has to give somewhere. where are you willing to give a little as far as tax reform goes because we're not going to see a new internal revenue code before the end of the year. we have to work with what we have. where can you budget little? >> we had a couple of dry runs the last couple of years. it is time for people to come together and do the major solving of the problem, which is deal with entitlements, deal with medicare and look at this health care law, that should be on the table as well. the amount of money that will be put forward in terms of people with incomes up to $90,000. this country cannot afford that. tracy: quickly, i have 10 seconds, no you also sponsored a bill to get the keystone xl pipelines going again. where do we stand on that? >> 18 of us, not republicans, nine democratnot democrats sento the president to approve the pipe
it and you're in. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. >> after agreeing to a cease-fire, israeli prime minister benjamin netanyahu explains. >> agreed with president obama that together with the united states we will fight against these weapons of terror much of which comes from iran. >> alisyn: our next guest says that jihadist rulers can't it be allowed to get nukes because israel is a one bomb count country. hi, clifford, what do you mean by a one bomb country? >> people don't realize how small israel is, it's smaller than djabouti and the muslim countries around it are 600 times its size with about 60 times the population. what's been said by iranian rulers, it would take actually one bomb, one bomb to wipe out the entire country and if they
. how he lost almost a quarter of his body weight. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. she doesn't even though our really get us. and she'll never know who we are, or what... no way, madden girls?? nike! who's your mommy now? famous brands. famously easy. famous footwear. victory is yours. it's healthier, and the only one clinically proven. with aloe, vitamins, and no ammonia. my hair looks healthier than before i colored. i switched. you can too, to natural instincts. ♪ best foods and holiday leftovers become irresistibly creamy turkey casserole. real delicious best foods. bring out the best foods. bring out the best. >>> good morning i'm eric thomas. the wet weather is expected to cause delays at san francisco international air
? some down payment. the second act is some clear indication of what to do with medicare and defense stocks. they have to give a clear indication otherwise there's going to be some kind of credit downgrades in the months going into 2013. how about the greek deal? i fell out of my chair. this is a default in all but name. look at this. an extension of the loans for 15 years. 15 years. $245 billion of loans. deferral of interest payments for ten years. deferred for ten years. and a reduction in interest rates. imagine this. you have a 30-year mortgage at 3%. now instead of a 30-year mortgage you have a 45-year mortgage. instead of 3% you're paying 2%. how about no interest payments for the next ten years on your 30-year mortgage? that's the deal the greeks just signed. it's staggering because what's happening here is don't call it a default. it's not a default. it's a restructuring. the fact is this is the first step on forgiveness of the debt. they're not officially forgiving any debt. don't say that. they'll freak out on you. the fact is that the next step from here is going out into
it doesn't do is address medicare. and yet the ryan compromise is on the table. so those are the things i would start with. but importantly, just having an expense reduction and trying to rein in our deficit isn't going to solve any of our future problems, and certainly not entitlement. you've got to create a growth commission. and what the growth commission would do is to determine what is needed, what are the -- what's the environment needed to cause our gdp to grow at 3% to 4% instead of 1% to 2%. and they would address things like tax reform, education, immigration, all things that effect the economy. thirdly, there's $1.5 trillion overseas as we know on corporate balance sheets that's not going to come to the united states unless we allow it to come at less than 35% tax rate. what i would do is have a 10% surcharge to bring that money back home. >> is that a one-time holiday? >> i'll get to that. and that would bring in immediately $100 billion to $150 billion which should only be used to reduce the deficit. but i would then permanently put in and tell the growth commission comes out
-800-medicare. >> thanks for staying with us, i'm bill o'reilly. in the weekdays with bernie segment tonight. as we reported last week the "the washington post" attacked me for telling you the truth about who was voting for president obama and why. for some unknown reason the post injected race into my commentary when that was not even in play. now the post has another editorial saying that republicans who criticize u.n. ambassador susan rice may be racist. quote: could it be as members of the congressional black caucus are charging that the signatories of the letter are targeting misrice because she is an african-american woman? unquote. referred to letter is a bunch of congressman saying they don't believe susan rice is qualified to be secretary of state because of her initial report on ambassador stevens which was misleading. joining us now from miami is the purveyor of bernard goldberg.com mr. goldberg. we are starting to see a pattern of behavior here on the "the washington post" editorial board, are we not? >> yeah. let me first take a few seconds to put it into context. there is a st
to entitlement reform and opposed to any reduction in medicare and social security, but i want to ask you about another spending issue. originally, initially, we were supposed to have an across-the-board budget cut called the sequester of $1.2 trillion over ten years. where's that's gone? that's about $100 billion a year. i'd say that would be a pretty good down payment on deficits and debt. what is getting my goat. everybody is talking revenues. what happened to the skywester? >> that's right, and there's $750 billion yet to go on that based on what we've done so far. and i think the president will have a tough time getting through the republican house and republicans in the senate if in fact you don't have equivalent numbers to that in terms of the discretionary cuts? sequester is not a good idea, but sequester's a great idea versus no spending cuts whatsoever. >> right, there you go. originally some people were say saying 3 to 4-1, spending cuts to revenue increases. $1 of spending doubts $5 of revenue increases, they got the whole thing backwards. basically what i wanted to ask you on this
of legislation. >> medicare alone is 42 trillion unfunded. social security 20.5 trillion. and then you add the 16 that we know about to that. none of these are in black and white those first two that i mentioned. you add it all together, 86.8. >> a lot depends on what happens to medical care. i mean, one thing that could change these estimates tremendously, find a cure for alle alzheimer's. you'll change the estimated how much spending you have to do. if you think over time, many of these forecasts long term forecasts assume no fundamental powerful change. >> find a cure for cancer and everybody livesoff 100. >> but alzheimer's is a very expensive disease. >> but anything that extends life in an expensive way will be -- net i don't think it's cheaper. >> these budget problems are fixable problems that the united states has decided not to fix. this is the decision we're making through our political process. the decision is we're just going to fix it enough to get by another year. we're not going to fix on a grand bargain basis. >> will it pay if we get little bargains over the next ten years? is t
's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. >>> fox news alert. renewed violence breaking out in israel where troops have shot and killed a palestinian man. how will this impact the newly reached cease fire agreement. leeland vittert standing by with the latest. interesting, the power grab of president morsi there in egypt, so much happening when we thought all was quiet there. >> that's the way the middle east works. just when you think everything is quiet, bam. this is what their laidest video we have coming out of the gaza strip. it's interesting, it is shot from the palestinian side. it shows about 300 palestinians moving towards the separation fence that's there between gaza and israel. this is significant because up until this point, israe
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